TDS Rates / Chart Under Income Tax Act, 1961 for Financial Year 2012-12/ Assessment Year 2013-14 on Salary (Section 192) , Interest on Specified & Other Securities (Section 193), Deemed Dividend & Other Dividend , Interest other than interest on security, Winning from Lotteries, Winning for horse race, Payment to Contractor & Sub-Contractor, Insurance Commission, Payment to a non-resident foreign citizen sportsman or non resident sports association, Payment for National Saving Scheme, 1987, Payment for repurchase of units, Commission on sale of lottery ticket, Commission or Brokerage, Rent on land, building or furniture, Rent on plant, machinery or equipment, Fees for Professional/Technical services, Remuneration to a director w.e.f. 1.7.2012, Compensation to a resident on acquisition of certain immovable property etc.
| Section |
Particulars
|
TDS
|
Threshold Limit
|
Surcharge and Education Cess
|
|
192
|
Salary |
Normal Rate
|
As per normal computation of income
|
1. Surcharge:
No Surcharge on TDS in case of payment is made to Resident or Domestic Company 2. Education Cess
No EC or SHEC on TDS in case of payment is made to Resident or Domestic Company [Other than Salary] |
|
193
|
Interest on Specified Securities |
10%
|
Rs. 5,000 [Rs. 2,500 upto 30-6-2012] in case of Listed Debentures payable to resident individual or a Hindu undivided family, by a company in which public are substantially interestedRs. 10,000 in case of 8% Savings (Taxable) Bonds, 2003, Rs. 10,000 in case of 6½ per cent Gold Bonds, 1977, or 7 per cent Gold Bonds, 1980, where the Bonds are held by an individual not being a non-resident, and the holder thereof makes a declaration in writing before the person responsible for paying the interest that the total nominal value of the 6½ per cent Gold Bonds, 1977, or, as the case may be, the 7 per cent Gold Bonds, 1980 No TDS on certain specified securities – see section 193 |
|
|
193
|
Interest other Securities |
10%
|
||
|
194
|
Dividend (Deemed) |
10%
|
Rs. 2,500 where shareholder is an individual | |
|
194
|
Dividend (Other) |
Nil
|
||
|
194A
|
Interest other than interest on security |
10%
|
(a) Rs. 10,000/- where the payer is a banking company (b) Rs. 10,000/- where the payer is a co-operative society engaged in carrying on the business of banking; (c) Rs. 10,000/- on any deposit with post office under any scheme framed by the Central Government and notified by it in this behalf; and (d) Rs. 5,000/- in any other case |
|
|
194B
|
Winning from Lotteries |
30%
|
Rs. 10,000 | |
|
194BB
|
Winning for horse race |
30%
|
Rs. 5,000 | |
|
194C
|
Payment to Individuals and HUF |
1%
|
Rs. 30,000 per single contract or Rs. 75,000 in aggregate during the Finance Year No TDS on GTA if PAN number of the GTA is available |
|
|
194C
|
Payment to other contractors |
2%
|
Rs. 30,000 per single contract or Rs. 75,000 in aggregate during the Finance Year No TDS on GTA if PAN number of the GTA is available |
|
|
194D
|
Insurance Commission |
10%
|
Rs. 20,000 | |
|
194E
|
Payment to a non-resident foreign citizen sportsman or non resident sports association [upto 30.6.2012] |
10%
|
– | |
| Payment to a non-resident foreign citizen sportsman / entertainer or non resident sports association [w.e.f. 1.7.2012] |
20%
|
– | ||
|
194EE
|
Payment for National Saving Scheme, 1987 |
20%
|
Rs. 2500 | |
|
194F
|
Payment for repurchase of units |
20%
|
– | |
|
194G
|
Commission on sale of lottery ticket |
10%
|
Rs. 1,000 | |
|
194H
|
Commission or Brokerage |
10%
|
Rs. 5,000 | |
|
194I
|
Rent on land, building or furniture |
10%
|
Rs. 1,80,000 | |
|
194I
|
Rent on plant, machinery or equipment |
2%
|
Rs. 1,80,000 | |
|
194J
|
Fees for Professional/Technical services |
10%
|
Rs. 30,000 | |
| Remuneration to a director w.e.f. 1.7.2012 |
10%
|
|||
|
194LA
|
Compensation to a resident on acquisition of certain immovable property |
10%
|
Rs. 2,00,000 [Rs. 1,00,000 upto 30.6.2012] |
Sir What is the TDS Rate for the company registered under sec-8 of the companies act-1956
To Team of Tax Guru What is the rate of TDS to be deduct on Advertisement Charges published in magazine Regards – See more at: https://taxguru.in/income-tax/tds-rates-chart-ay-201314-fy-201213.
What is the tds rate if the payment is made to the advertisement agency for the financial year 2013-14
Pls Help: What would be the rate of TDS and under which section it should be deducted if Tds is on machinery with a contract of 5 years and rent is also paid as 13000/- per month.
If the threshold limit is exceed in 3rd quater, TDS return for the first and second quarter need to be revised. in that case amount paid in 1st quarter-on that we have to pay TDS along with Interest?
Dear sir,
We had paid tds of non residential company paid our telephone bill for ship in our country. we had paid tds 2% of this company & suggest me whether section is under 194C or 195 & which type of return made for this payment.
sir i have a security service provider proprieter ship agency,what amount tds deducted from our security guard bill
Sir
Is their any TDS on canteen bills.
Dear Sir,
Thanks for your information.
What is the limit for directors remuneration TDS?
Is there any Threshold limits?
Pls clarify
Thanks & Regards,
Paresh Patel
09974225993
TDS deducted on remuneration paid to the director under section 194J. While filing the TDS return it will comes under which head Salaries (24Q) or Non Salaries (26Q), kindly suggest.
194j is 10% but y showing 30000/- amount wats that
i am preparing for cs executive exam in coming dec.
is this rates will be applicable in exams
hai every one.
i am preparing for cs executive prog in coming dec.
is this rates will be applicable in my exams.
pls mail karan36768@gmail.com
Thanks, sending a important tds information
sir, Is hanororium payable to guest faculty at our staff training instituation is subjected to tds if so what is the limit and percentage of tds,
Dear All,
I want to know that what is treatment of webtel software in director remuration, pls guide
Regards
Harsh Dagar
Cell:9958836944
Dear Abhishek ,
TDS Rate On Land & Building Rate Is 10%
Regards
Harsh Dagar
cell:9958836944
Dear All
I want to know, what is an interest rate on Rent TDS (On Land & Building)
rate per month..
Regards,
Abhishek Hardas
+91 8600870210
Dear sir
TDS on director remuneration treat as normal salary calculation rate or 10% on u/s 194J ?
with regards
Sandip Kumar Kapiswe
8877004400
Plz provide me the dep. schedule for A.Y. 2013-2014
What is the rate of TDS to be deduct on Doctors Fees? Is there any surcharge applicable?
Dear Team,
Nice Article. I wish to have a clarification on the surcharge on Income tax and TDS for payments made to foreign company. Please confirm whether the rate is 2% of 2.5%.
Regards
To
Team of Tax Guru
What is the rate of TDS to be deduct on Advertisement Charges published in magazine
Regards
Satishchandra.C
9916163349
Thanks all of you of Tax Guru Team for the best information available at your site.
Regards
Satishchandra.C
9916163349
Thanks for such details but would be happy to know more TDS treatment for works contract. For example under single contract the portion of service provided is 10% and material cost is 90%?
nice article
Dear Govindaraj,
Directors Remuneration is treated as normal salary in income tax…….regards.
Hello Sir
Thanks for your important information.
Sir,
We are deducting TDS according to Individaul slab rate. The remueneration paid to Directors falls in slabe rate of 30%. Do we have to deduct TDS @ 10% wef July now ?
Pls help
Regards
Dear Sir,
Thanks for your information.
What is the limit for directors remuneration TDS?
Is there any Threshold limits?
Pls clarify
Thanks & Regards,
P.Govindaraj
+91 9597975757